There are things I like! Write about cars, like about the "transatlanticist“, A Saab with a unique history. And there are things that are annoying! The cacophony around NEVS, for example ...
I think the readers feel the same way. Nevertheless, as a chronicler's duty alone, a few words about the events in Trollhättan.
With Saab, that's allat the moment) Nothing to do. It's about a company with just under 300 employees in trouble. A factory where you could build cars. And a platform where maybe new 2016 or 2017 vehicles could hit the market. In order to finalize the case lawyer Lars Eric Gustafsson has done what is customary in such cases. He brought specialists into the boat. It is about the transfer of intellectual property (intellectual property) and the handling of international acquisition. specialist Lenner & Partners from Stockholm is a first address for these transactions.
The fact that these experts are only boarding now shows with alarming clarity the level at which the previous negotiations of NEVS management have been conducted for months. The mood of the suppliers is tense. There is the broken promise of the management that all claims to 100% should be served. Many companies have already lost 2009 and 2011 money. The debtors' demand for waiver, it is a quota confirmed by 50%, is due to the reality. Just as NEVS has to move away from price expectations, so will suppliers. An approval of 60% of the capital is necessary, then the comparison is considered accepted. And they will agree, because they have no choice.
What will happen?
You would do well to consider the Saab plant and the Phoenix platform separately. Because everything indicates that the ways part here. In the best case scenario, the plant will find a new owner. Instead of the previous 4 letters, another well-known logo could then find its place on the administration building. Or the lettering of a lesser known manufacturer. The sale is not without its hooks and eyes. Because on the building complex rests a mortgage of the bankruptcy attorneys of Saab Automobile AB. This was intended as a pledge - in the event that NEVS does not meet its obligations. It prevented NEVS from loaning the property, now it could be a problem for the sale.
In Trollhättan itself, with our Swedish friends, and with people with contact in the municipality, nobody believes that cars will be built there in the future. Just as a note. I disagree and think one should not give up hope for the region.
Then there is the Phoenix platform and the rights to the 9-3. We know from the platform that it is parked in a development company. An investor could get in there, continue to develop with NEVS and bring products to market. For the NEVS owners, the license money would be secured for years, the workplaces of the developers.
Plan B, NEVS Industrial Services, the idea of contract manufacturing should not be off the table. On the contrary, it matures and does not seem entirely absurd. Several OEMs have inquired; Significant progress is said to have been made in the past few weeks. There is some demand in Europe. BMW leaves Nedcar assemble and is supposedly looking for additional capacities for products on the mini platform. A Japanese manufacturer is considering mounting in Europe. All of this would be possible after a change of ownership - and in my opinion only then. Because contract manufacturers also need a certain financial substance. The NEVS doesn't have ...
As assured is the goodwill of the court. NEVS could go on to renew the reconstruction if suppliers do not overturn the last-minute process. With the Saab Automobile AB one pulled the plug much too early, with NEVS the court does not want to repeat the error. The cacophony in Trollhättan goes into extra time, we have to live with that.
The next article will be about Saab again. This is more enjoyable. Guaranteed.